Deutsche Bank has appointed David Barnes as managing director, regional structured trade and export finance head – global transaction banking (GTB), Asia Pacific.

Based in Singapore, he reports globally to Klaus Michalak, global head of structured trade and export finance and regionally to Thomas DuCharme, regional head of GTB, Asia ex-Japan.

“David will be responsible for leading strategic growth in structured trade finance in Asia. He is a strong addition to our current Asian trade finance and cash management team. His wide experience and in-depth industry knowledge of the market will further strengthen our established trade finance footprint in Asia,” says DuCharme.

Barnes joins Deutsche from ANZ where he most recently held the position of regional head, South Asia, commodity and trade finance and has been successful in building a solid platform of growth for their business. Before that, he covered senior roles in UFJ, Tokai and Sumitomo Bank.

Barnes has worked in Asia for more than 11 years. His expertise in the more structured area of trade is well known and fits well into the areas that Deutsche is looking to expand, claims the bank.

“David’s appointment is in line with our global and regional strategy to tap into the increasing demand for structured financing solutions for our clients, be it in the commodity, receivable or ECA area. With this new senior hiring, we further enhance our global team of trade structuring experts and our strong regional footprint for the benefit of our clients in Asia,” adds Michalak.